1 / 10

What does it mean to be wealthy?

What does it mean to be wealthy?. True False??. Most milionaires inherited their wealth…. FALSE – 80% are 1 st Generation. Most millionaires earn more than $500,000 a year. False – Less than 15% have an income over that.

happy
Download Presentation

What does it mean to be wealthy?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What does it mean to be wealthy?

  2. True False??

  3. Most milionaires inherited their wealth… • FALSE – 80% are 1st Generation

  4. Most millionaires earn more than $500,000 a year • False – Less than 15% have an income over that

  5. College graduates earn about twice what high school graduates earn over a 40-year work life • False, the average college graduate earns 78% more than the average high school grad and people with professional degrees earn 255% more!

  6. People who are self =employed rarely become millionaires • False – more than half of millionaires are self-employed.

  7. All millionaires wear expensive clothes. • False – fifty percent of millionaires have never paid fore than $400 for a suit; 90% have never paid more than $1,000 for a suit

  8. Millionaires usually drive new cars • False – less than 25% drive a current-year car and more than half drive a car that is more than 2 years old

  9. Many millionaires drop out of college to start work • False Four of five millionaires are college grads. 18% have a master’s degree, 8% law degrees, 6% Ph.D’s

  10. It is impossible to save enough to be a millionaire • False – if a 22-year old saves %50 a week during his/her working life and earns 9% rate of return on the investment, the saver will have more than 1 million by the age of 63.

More Related